New York investment bank Blackstone Group and British insurance broker Jardine Lloyd Thompson are taking on a joint venture to form a U.S.-based risk consultancy called Capital Risk Group.
JLT will own 80 percent of the new venture. The remainder will be held by a fund managed and invested by Blackstone. JLT Risk Solutions chief Steve McGill will head the new venture.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Thomson Reuters Detects Cyber Incident, Says Unauthorized Party Accessed Files 
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
Aon Acquires USI Insurance From KKR in $17 Billion Deal Targeting Middle Market 
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill 
